Proof of WorkThe Proof of Work is a modified Momentum based algorithm. It has a small SHA512 component, and a large AES component - chips with AES-NI instruction sets will fare *much* better. Each hash requires 1GB of Memory to perform and encrypts 50GB of data. By contrast, the verification only requires 128K and less than one 10th of a second.

MemoryCoin Beta~6.2% – Balances from the MemoryCoin Beta as at block 8820 were transferred into the new blockchain at Block 1. You can import your MemoryCoin Beta balance by copying your wallet into place after installing the new MemoryCoin QT client.

Premine~1.12% – ProtoShares HoldersProtoShares owners as at Block 32000 received a distribution at a rate of 1 MMC for each 10PTS. With around 1 Million PTS issued, about 112,000MMC were distributed in this way and PTS owners will cumulatively have a 1% stake in MemoryCoin at launch. You can import your balance by using your ProtoShares wallet with MemoryCoin. It is recommend that you transfer your balance to a fresh MemoryCoin wallet after import.

I'll be updating this post with full details of MemoryCoin 2.0 over the next day for the launch.

The initial blocks will contain small block rewards, gradually increasing to a full block reward over the course of 48 hours - so you won't have any large advantage from starting at exactly the right moment - don't panic over the first few blocks.

Proof of Work-------------PoW is a modified Momentum based algorithm. It has a small SHA512 component, and a large AES component - chips with AES-NI instruction sets will fare *much* better -

Parameters-----------Approximately 10 Million coins in the first 2 years, distribution favours early adopters2% inflation per year after the first 2 years5% Block reduction per week6 Minute blocksDifficulty adjustment every block, based on the previous 12 blocks

Codebase---------Based on the ProtoShares code base, which is based on Bitcoin 0.8.5

Trolling posts will be deleted - please take off-topic or inflammatory discussions to another thread.